Bain agrees to sell stake in Japan's Jupiter Shop
Bain Capital has agreed to sell its entire 50% stake in Japan's Jupiter Shop Channel to Jupiter Communication (J:COM), a company part-owned by Sumitomo Corporation. Bain bought its interest from Sumitomo at a valuation of JPY100 billion (then $1.3 billion) in 2012.
The value of the most recent transaction was not disclosed, nor was any information offered as to how the business has grown over the past three years. According to The Nikkei, the deal is worth more...
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